Tremor Collects $2M from SAP Ventures

Though video ad network Tremor Media recently lost two co-founders, it looks as if the company has brought in another $2 million from SAP Ventures. Tremor did not disclose the amount it added to its $18 million Series C round from Meritech Capital Partners, Canaan Partners, Masthead Venture Partners and European Founders Fund in a funding announcement today, but it appears from an SEC filing (found via paidContent) that the total amount of the round is now $20 million.

New York City-based Tremor was the top video ad network in March, the first time comScore broke out that category. It narrowly beat out BrightRoll, which was followed by YuMe, Platform-A and Broadband Enterprises. Tremor says it now has access to 137 million uniques per month, and that it will use the new funding for product development.

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